NY TIMES:Clinton Proposes Cap on Patients’ Drug Costs as Sanders Pushes His Plan- Oh, Really?
From the NY TIMES:
Even before Mrs. Clinton spoke, Mr. Sanders issued a statement reiterating his proposals, made early this month, including letting people buy drugs from Canada and allowing Medicare to negotiate with drug companies over prices (which is also in her plan). He also noted that he has backed medication purchases from Canada since 1999, before Mrs. Clinton joined the Senate.
BUT Bernie and Cummings introduced LEGISLATION ON SEPT 10:
WASHINGTON, Sept. 10 – Sen. Bernie Sanders (I-Vt.) and House Oversight and Government Reform Committee Ranking Member Elijah Cummings (D-Md.) today introduced legislation to address skyrocketing increases in prescription drug prices.
http://www.sanders.senate.gov/newsroom/press-releases/sanders-cummings-introduce-comprehensive-legislation-to-lower-soaring-drug-prices_---
And further down in the NY Times Articles:
On Monday, Mrs. Clinton helped cause biotechnology stocks to fall after she posted on Twitter, criticizing “price gouging” in the drug market, specifically referring to one company’s sudden decision to raise the price of a 62-year-old drug to $750 a tablet from $13.50. (She repeated the story in Iowa on Tuesday.) The Nasdaq Biotechnology Index fell more than 4 percent on Monday on fears that government action to control pharmaceutical prices could be coming. (Did this greedy idiot think of this on his own or did someone convince him it was a great idea........ Blind luck? Maybe/maybe not.)
On Tuesday, the index fell more modestly but had recovered somewhat by the end of the day. Wall Street analysts said that many of the proposals were unlikely to be enacted with Republicans controlling Congress, even if Mrs. Clinton became president. (So we will continue to rip-off people who can't afford it and add to the National Debt (medicare D) so that the stock price can be maintained. Really? The arrogance. But then again, when you own our govt, I guess you have the right to be arrogant.)
The Pharmaceutical Research and Manufacturers of America, which represents the country’s leading drug makers, said in a statement that Mrs. Clinton’s plan would “turn back the clock on medical innovation.”
“These sweeping and far-reaching proposals would restrict patients’ access to medicines, result in fewer new treatments for patients, cost countless jobs across the country and erode our nation’s standing as the world leader in biomedical innovation,” the statement said. (Don't worry, she told you at the Biotech Conference she'd discuss providing risk insurance to your industry.)
Mrs. Clinton’s plan is aimed at addressing both sides of that equation, by trying to discourage drug companies from overcharging for their products while preventing insurance companies from passing along those high prices to consumers. (HOW is the insurance company kept from passing on the cost? Not much of an analysis at all of Bernie's LEGISLATION.)
Mr. Sanders, by contrast, has urged a vast governmental shift in health care, proposing a Medicare-for-all single-payer insurance system. Such an idea has never gained traction in Congress, leading Mr. Sanders to also pursue a separate strategy of trying to lower drug prices.
http://www.nytimes.com/2015/09/23/us/politics/hillary-rodham-clinton-proposes-cap-on-patients-drug-costs-as-sanders-pushes-his-plan.html?_r=0
Hillary Clinton, the defender of the little people as she takes on the industry which has been her cash cow. Who would have thunk it!
= new reply since forum marked as read
...who take healthcare costs seriously.
Wonderful!
